Tech
A New Chinese AI Model Wipes Out $3.3 Trillion in Chip Stocks
Moonshot AI's new open source model Kimi K3 triggered the worst week for semiconductor stocks in more than a year, as investors questioned whether hundreds of billions of dollars in AI spending is truly needed. The selloff pushed a major US chip index into a bear market.
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Judge Pauses Paramount's $110 Billion Deal to Buy Warner Bros. Discovery
Finance · Jul 21 · L1-L4
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